Magic Circle Players
- Assets
- $340.2k
- Revenue
- $150.0k
- Investments
- $168.9k
- Employees
- 1
- Location
- Montrose, CO
- Founding
- 07/1962
- Data as of
- 06/2021
- EIN
- 84-6037362
Organization Overview
Magic Circle Players is located in Montrose, CO. The organization was established in 1962. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Circle Players is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Magic Circle Players generated $150.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $132.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENTERTAIN, EDUCATE AND INVOLVE THE RESIDENTS OF WESTERN COLORADO BY THE PRESENTATION OF LIVE THEATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTATION OF LIVE THEATER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Redmond Chairman | OfficerTrustee | 2 | $0 |
Kevin Innarelli Vice-Chairman | OfficerTrustee | 2 | $0 |
Renee Lee Treasurer | OfficerTrustee | 3 | $0 |
Merrille Robertson Secretary | OfficerTrustee | 3 | $0 |
Judy Wind Director | Trustee | 1 | $0 |
Ginny Spaven Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,577 |
| Investment income | $3,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,286 |
| Net Income from Fundraising Events | $1,332 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $697 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,104 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,852 |
| Fees for services: Other | $10,137 |
| Advertising and promotion | $10,906 |
| Office expenses | $2,765 |
| Information technology | $4,017 |
| Royalties | $14,899 |
| Occupancy | $10,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,417 |
| Insurance | $4,839 |
| All other expenses | $0 |
| Total functional expenses | $132,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,680 |
| Savings and temporary cash investments | $25,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $168,850 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,225 |
| Accounts payable and accrued expenses | $5,482 |
| Grants payable | $0 |
| Deferred revenue | $6,018 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,900 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $323,325 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Magic Circle Players has recieved totaling $10,173.
| Awarding Organization | Amount |
|---|---|
Muchnic Foundation Atchison, KS PURPOSE: SOCIETAL BENEFIT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hale Centre Theatre Sandy, UT | $67,089,883 | $41,532,108 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Omaha Theater Company Omaha, NE | $9,432,355 | $7,494,980 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |
Childsplay Inc Tempe, AZ | $2,399,283 | $3,822,737 |
Abt Performing Arts Association Inc Peoria, AZ | $3,404,145 | $5,585,443 |
Lyric Theatre Of Oklahoma Inc Oklahoma City, OK | $13,499,880 | $4,030,124 |
International Alliance Theatrical Stage Employees & Moving Picture Santa Fe, NM | $2,914,386 | $3,481,191 |
Amp Concerts Albuquerque, NM | $3,001,759 | $3,001,207 |
Rocky Mountain Repertorey Theatre Grand Lake, CO | $9,762,143 | $2,216,400 |